Search
 

CUNA Letter Argues Interchange Implications in Breach Case

Loss of interchange income would impact financial ability to respond to potential fraud and breach cases, CUNA argues.

By David Morrison | Updated on May 20, 2011

Credit unions’ reaction to the recent data breach at arts and crafts retailer Michaels could be impaired under the pending debit interchange cap, CUNA has told U.S. senators.

The retail chain has not revealed all the details about the breach yet, but has said that stores in 20 states were impacted. That broad geographical footprint has given debit cap opponents an opening to make another argument against the interchange measure.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.